After a tough few years for the office market—including industrial and multifamily sectors being brought back to reality—the commercial real estate industry is starting to see quite a positive outlook for the coming year. Happy New Year to all of us (especially those of us in the office sector)! Let’s break down the trends …
We have been talking about the future of the office market quite a bit in lately. Why? Because we are experiencing a seismic shift in one of the biggest sectors of Commercial Real Estate. The ripple effects will be felt for years and by a multitude of companies including: — Banks: Banks that have a high …
There’s a New Monster on Wall Street – And it’s Empty Office Space Read More »
The market is evolving, but The Coppola-Cheney Group continues to show that strong fundamentals and client relationships are the keys to staying ahead. Despite the challenges of 2024, our team continues to thrive. With 33 transactions across 5 different product types, we’ve leased and sold 382,626 SF in just the last 90 days. Here’s why it matters: — Our volume is …
The Metro Phoenix Office Market continues to navigate tough waters caused by the effects of COVID-19 and the Work from Home (WFH) phenomenon. Q2 2024 proved to be the worst quarter on record for net absorption, posting -883,286 SF. Compounded by the first quarter’s -497,019 SF, Metro Phoenix is on pace to set an annual record for office space …
1-Minute Phoenix Metro Office Market Update: Q2 2024 Read More »
I get clients and industry influencers asking me all the time, what does the office of the future look like? Instead of explaining in several paragraphs, I thought I would share this video case study that’s just under two minutes. Now you can see for yourself: Viad Forward Tilt This is a 7,500 SF regional headquarters in …
Want to See What the Future of the Office Looks Like? Read More »
I wanted to comment on some of the long-term changes in office space we have seen stick around after the pandemic. Spoiler alert: the biggest change is that hybrid work is still prevalent, and it’s not going away anytime soon. The McKinsey report below shows the dramatic changes the pandemic has brought to real estate in …
The Lasting Impact of the Pandemic on Office Space Read More »
While we represent both tenants and landlords on a daily basis, over the years we have also sold over 500 buildings—more than most brokers who specialize in just selling. To help new Commercial Real Estate investors begin to navigate the market, we put together the below risk spectrum for investments. — CRE investing offers a …
NAIOP just released a report on office demand for the remaining balance of the year and into 2025. Spoiler alert: the national office market follows my six-part series projecting what will happen in the Metro Phoenix office market. Here are some highlights and some of my comments in orange: — Q1, 2024 showed negative absorption of over …
New Report: Office Demand Expected to Shrink Through Early 2025 Read More »
I had the opportunity to sit down with one of my favorite business founders and operators, Danielle Feroleto, Owner and President of Small Giants. She has been at the cutting edge of CRE marketing for a long time and her company is fantastic. She gave me some great ideas for any Commercial Real Estate business, making our conversation a …
Ten on One- CRE Marketing with Danielle Feroleto, Small Giants Read More »
People are finally returning to the office — whether they like it or not! The article below goes into detail about how Kroger, a large grocery company in the U.S. is enforcing a new policy requiring their workers to return to office for at least three (3) days a week. They are following in the footsteps …
